EGP / USD CBE market average: Buy 16.53 | Sell 16.65

EGP / USD at CIB: Buy 16.53 | Sell 16.63

EGP / USD at NBE: Buy 16.52 | Sell 16.62

EGX30 (Thursday): 14,295 (-1.7%)

Turnover: EGP 752 mn (28% above the 90-day average)

EGX 30 year-to-date: +9.7%

THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session down 1.7%. CIB, the index’s heaviest constituent, ended down 1.7%. EGX30’s top performing constituents were Cairo for Investment & Real Estate Development up 3.0%, Kima up 2.3%, and Juhayna up 2.0%. Thursday’s worst performing stocks were Eastern Co down 4.7%, Telecom Egypt down 3.8% and SODIC down 3.7%. The market turnover was EGP 752 mn, and foreign investors were the sole net sellers.

Foreigners: Net Short | EGP -89.1 mn

Regional: Net Long | EGP +1.9 mn

Domestic: Net Long | EGP +87.1 mn

Retail: 54.4% of total trades | 57.8% of buyers | 51.1% of sellers

Institutions: 45.6% of total trades | 42.2% of buyers | 48.9% of sellers

WTI: USD 54.87 (+0.73%)

Brent: USD 58.64 (+0.70%)

Natural Gas (Nymex, futures prices) USD 2.20 MMBtu, (-1.43%, Sep 2019 contract)

Gold: USD 1,523.60 / troy ounce (-0.50%)

TASI: 8,550.23 (+0.79%) (YTD: +9.24%)

ADX: 5,054.66 (+0.02%) (YTD: +2.84%)

DFM: 2,795.76 (-1.27%) (YTD: +10.52%)

KSE Premier Market: 6,685.18 (-0.84%)

QE: 9,621.70 (-0.56%) (YTD: -6.58%)

MSM: 3,861.51 (+0.60%) (YTD: -10.69%)

BB: 1,535.20 (-0.29%) (YTD: +14.80%)

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